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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. . Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services.

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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). Greg Golkin, managing partner at Kitchen Fund, is named as president. Chang’s China Bistro Inc.,

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

The DFI will be headed by Faheen Allibhoy, a country manager responsible for JPMorgan’s West African division. is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030. It’s an honor and privilege to join JPMorgan’s DFI,” said Allibhoy.

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank. In addition, equity investments would be tied to a newly renamed asset management unit. To avert unemployment, the continent has to generate about 12 million new jobs annually.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don’t change the way they protect corporate data. The vast majority of breaches are reported by employees outside the firm’s security team, researchers added.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank. In addition, equity investments would be tied to a newly renamed asset management unit. To avert unemployment, the continent has to generate about 12 million new jobs annually.

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

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